The Politics of Open Economies : Indonesia, Malaysia, the Philippines, and Thailand (Cambridge Asia-Pacific Studies)

Review
"This is an excellent work on the political-economy of Pacific Rim trade and capital flows in Southeast Asia." B. F. Hope, Choice


Book Description
This book asks why some countries have responded to the external constraints and opportunities posed by their global and regional economic context by opening up their economies. In particular, the authors examine the role domestic political and economic factors play in shaping the decision to become more open, or more inward-looking. The countries of Southeast Asia have generally enjoyed economic success in the postwar period. The authors argue that one of the explanations for this success has been their integration into the global division of labor, and analyze decisionmaker's reasons for following this course. They place particular emphasis on external events, notably the two oil shocks of the 1970s, and the more recent outflow of investment capital and manufacturing capacity from Japan and East Asia.


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This book examines the political and economic explanations for the success of the ASEAN countries in integrating their economies into the global economy. They analyse aspects of the domestic political and economic environment which have helped (or hindered) the four countries in becoming among the fastest-growing global economic players. The authors provide systematic comparisons across countries during four critical time periods, and offer an integrated perspective on the political economy of the region.


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